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Search Results 0 to 11 of about 12 (some duplicates have been removed)
Nov 16, 2012 3:00pm EST
january 1st. what we hear is panic over the prospect of austerity. the economy is weak and fragile, and we can't have austerity at this time. that makes sense. why isn't the conversation about stimulating the economy at all? >> it's a great question. in fact, behind the scenes there have been some discussions about that. one of the aspects of the fiscal cliff that gets less attention is the fact that the payroll tax cut, which is now 120 billion in the 2012 economy, is also part of cliff. that ends at the end of this year. there has been some internal discussions i understand about something that might replace that. there's been internal discussions about continuing unemployment insurance, which remains important. we still center a highly elevated unemployment rate with lots of long term. don't be totally discouraged about that. they're not the top line items. let me say one thing about the meeting today. very clearly these guys were getting along at 40,000 feet up. i'm not saying that dismissively because they haven't gotten along at 40 or 80,000, so that's good. all the commentary tha
Nov 15, 2012 12:00pm PST
we've created of protecting folks who are the working poor in our economy. we need to protect that. >> you know, when we talk about the relationship between income tax rates and inequality, i'm struck by the golden age in this this country. under eisenhower it was 90%, from kennedy through the carter years it was 70%. reagan got it down to 28%, and right now the debate is should we go up to 36% on to 36.9%. sister, my question is if we're talking about you using the tax code to address the equality, we're not having the debate nooe we need to have. this is a higher and more progressive attack system. could it get on the agenda realistically? >> well, i think we're taking steps towards that. when you do the analysis of what's going on in our society, you're absolutely right. we need to address all of the factors that create this huge wealth disparity, but a key one, a first step towards this shall we call it a downpayment even is letting some of the bush era tax cuts expire. that i think is a significant step forward. we have to look at the tax code and look at housing. we have to l
Nov 12, 2012 3:00pm EST
, if slightly different from today, to keep social security intact and get the economy back and growing, everyone has to take a little bit of a hit, whether it's the private equity guy with his carried interest exclusion and the $750,000 home morn tax deduction, which is completely absurd. that doesn't help the middle class. they all have to happen. if everyone is -- you saw bob corker last week or over the weekend. there are a lot of sensible people out there. i think sensible minds will prevail. this is just a fiscal cliff. it pushes it off to july 4th to be patriotic with an agreement and framework to work towards a big deal. it is only this artificial construct we're talking about now. what we need to get for everybody to be happy and the markets to be happy and the chinese and the japanese and the bonds and everybody else to be happy is we need to know that actually america's finances are on solid footing, will be on solid footing. medicare is there in some form. social security is there in some form. that's what everyone has to work towards. the lift that people will have
Nov 8, 2012 12:00pm PST
. the white house wants a deal, and the reason they want a deal is because of the economy. if we get tangled up here in d.c. and go over the cliff or down the gradual slope, it's not -- it's not going to be good for the economy. there are people waiting to invest. there's a world watching. everybody agrees that if a deal can be cut, economies around the world, not just in america, are going to benefit. >> yeah. i think the consequences aren't immediate if we get to january 1st, but i'll get into that later. i have a monologue -- >> psychologically they're immediate. >> let me ask you about within the democratic party, then. if the white house's priority is to get a deal, and the bottom line for house republicans is no rate hikes, if the white house were pursue this tax reform without rate hike framework and include in that the entitlement issue with medicare and social security and maybe medicare, that was floated a little bit last year. if that's the kind of package the white house can negotiate with republicans, is there a concern within the democratic party of a revolt against tha
Nov 14, 2012 3:00pm EST
place, we are removing half of the fiscal cliff, half of the danger to our economy is removed by that single step. >> more on that coming up because questions at the press conference turned to the scandal everyone is talking about. involving former cia director david petraeus who will testify tomorrow at a senate intelligence hearing on benghazi. >> can you assure the american people that there have been no breaches of national security or classified information in the scandal involving generals petraeus and allen? >> do you believe you should have known sooner or are you withholding judgment until the investigation is complete on that front? >> senator john mccain and senator lindsey graham said today they want watergate-style hearings on the attack on the consulate in benghazi. >> i want to ask about the families of four killed. >> general petraeus is where we begin at the white house. i guess it's a good bet they would be coming up today. >> reporter: yeah. you saw the ap ask it. it didn't dominate as much as we thought. our friends at telemundo asked a question and coming bac
Nov 13, 2012 12:00pm PST
growing the economy. >> we have a jobs crisis. >> we're going to create one million new manufacturing jobs. we're going to train two million workers. >> the answer isn't government. the answer is more good jobs. >> what happened to jobs? when are we going to talk about jobs? >> it's really funny because during the campaign trail, both romney and the president they voided the whole fiscal cliff. there was little talk about what washington will have to do. here we are and have to deal with the major issues that could have a negative impact on the economy. the people who were pushing big deficit packages, even the business communities say, if we get a deal, that would be good for the economy and grow jobs. but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington is how do we avert this crisis. it's not how are we going to create jobs right now. >> i guess we'll have to wait a little longer. thank you. >>> up next, bizarre doesn't cut it. a shirtless fbi a
Search Results 0 to 11 of about 12 (some duplicates have been removed)